Choo Bee management attributed the higher profit margin to higher average selling price. The same effect will apply to prestar
Choo Bee's review of quarterly performance:
Review of the performance of the company and its principal subsidiaries Current quarter vs. Previous year corresponding quarter The Group recorded revenue of RM97.3 million for the quarter ended 31.03.2017 (“1Q 2017”), which contracted by RM3.4 million (-3%) compared to revenue of RM100.7 million for the quarter ended 31.03.2016 (“1Q 2016”). The weaker performance was mainly attributed to lower contribution from the trading segment. However, the Group’s profit before taxation bucked the downward revenue trend and rose significantly to RM15.3 million for 1Q 2017 as compared to RM4.0 million achieved in 1Q 2016. This was mainly due to higher profit margins achieved as a result of improved average selling prices. Profit before taxation was further strengthened by interest income of RM0.7 million from short term deposits with banks, and RM1.1 million from realised gain on foreign exchange transactions. The performance of the respective operating business segments of the Group for 1Q 2017 as compared to 1Q 2016 are analysed as follows: Manufacturing The manufacturing operations contributed revenue of RM42.5 million in 1Q 2017, which increased by RM0.7 million (2%) compared to RM41.8 million in 1Q 2016. The stronger performance was mainly attributed to higher average selling prices offsetting lower sales volume as a result of softer market demand. Trading The trading operations contributed revenue of RM54.8 million in 1Q 2017, which eased by RM4.1 million (-7%) compared to RM58.9 million recorded in 1Q 2016. The weaker performance was due to the dealers exercising a cautious stance in view of the delay in private development projects and contracting of governmental infrastructure projects.
Dear all, don't play play with my sifu. God give you money, take it! Then do more charity! OK? Just buy and earn and do charity, then repeat the process!!!
paperplane2016 I like your comment......earn but do charity....earn big money do big charity,not spend on buying fake Dato Titles which the public cant find you on
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CaiShenYe
232 posts
Posted by CaiShenYe > 2017-05-18 09:58 | Report Abuse
EPS (2.95 + 4.31 + 4.80 + 2.6) sen = 14.66 sen x PE 10 times = RM1.46